Saturday 20 July 2019
 
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RAK Petroleum

RAK Petroleum board member resigns

RAK Petroleum, an Oslo-listed oil and gas investment company, has announced that Ambassador Zalmay Khalilzad has resigned from its board of directors effective immediately, following his appointment as the US Special Representative for Afghani

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RAK Petroleum posts $31m net profit in H1

RAK Petroleum, the UK-registered and Oslo-listed oil and gas investment company, has announced a consolidated net profit of $31 million for the first six months of the year compared to a full year figure of $54.8 million last year.

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RAK oil exploration tender 'draws positive interest'

The tendering process to explore oil and gas resources in Ras Al Khaimah has received positive interest from global firms, a statement from RAK Petroleum Authority has said.    Launched on April 1, 2018 and

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RAK oil and gas concessions draw global interest

The tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale, said the chief executive officer of RAK Petroleum Authority. Launched on April 1 and managed by the new

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RAK Petroleum posts net profit of $54.8m for 2017

RAK Petroleum, the Oslo-listed oil and gas investment company, recorded a consolidated net profit of $54.8 million for the year 2017 as against a net loss of $7.3 million in 2016. At 31 December 2017, total cash and cash equivalen

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RAK Petroleum re-designates Class A shares

RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that, as the result of a shareholder's request to release the restrictions on its Restricted Class A Shares, 2,700,000 Restricted Class A Shares have been re-design

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RAK Petroleum increases Côte d’Ivoire stake to 9pc

RAK Petroleum, the Oslo-listed oil and gas investment company, has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 per cent following the acquisition by Foxtrot International and other members of a joint venture.

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RAK Petroleum to list on Oslo bourse; plans IPO

RAK Petroleum, an energy investment company based in the United Arab Emirates, said it aimed to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO). The firm said on Monday it would offer shar

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RAK Petroleum posts $15.81m net profit

RAK Petroleum Public Company, the energy investment company, has announced a net profit of Dh58.1 million ($15.81 million) for the year ended December 31, 2013, marking a fifth consecutive year of profitability. The company’

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RAK Petroleum wins approval for restructuring

RAK Petroleum, a UAE-based energy investment company, said it had won approval from its shareholders to restructure the company and its subsidiaries and also seek a listing on an international stock exchange. The proposed restruct

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